The First Welfare Theorem holds that the allocation of goods resulting from competitive prices is "efficient," which is the equivalent of "equitable."
Answer the following statement true (T) or false (F)
False
Rationale: The First Welfare Theorem holds that the allocation of goods resulting from competitive prices is "efficient," but that is not the equivalent of "good" or "equitable."
Economics
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In 2005, the cash assistance program with the highest total annual payments was TANF
Indicate whether the statement is true or false
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When Cabbage Patch Dolls were introduced, they were extremely popular at Christmas, and most stores sold out. By the next year, there were plenty still available at Christmas. What happened?
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